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Community Development Loans

Eligible Borrowers: Non-profit organizations, for-profit housing developers, partnerships, local government agencies and individuals are eligible for these loans.

Eligible Projects: Community redevelopment and revitalization projects, which offer a clear public benefit.

Eligible Transactions: Permanent loans for acquisition, preservation, post-construction, and/or post-rehabilitation.

Security: First mortgage against land and improvements. Assignment of leases, rents and other appropriate collateral required. Other recorded agreements or restrictions must be subordinated.

More: Community Development loans have a maximum term of up to 25 years. There is a $500 application fee, which is non-refundable and due upon submission of the application. Commitment, loan, appraisal, and legal fees are paid by the borrower.

Community Lenders

Latest News

  • Canal Park Apartments
  • Knox Avenue Senior Apartments
  • Wilson Manor Apartments
  • Grandview Apartments

How To Apply

Learn More About How To Apply For A Loan

Community Lenders CDC

120 East Broad Street
Suite 2
Souderton, PA 18964

215-799-1340

Audrey McMichael 
(Executive Director)

Residential Loans

NewCourtland

We provide 30-year financing for low and middle-income housing projects (not to individual homeowners).

Community Development

We provide 25 year financing for non-profits for facilities that will contribute to the area’s development and economic well-being.

Mixed Use Loans

The Brandywine CenterFor facilities that offer both housing and community development activities, we provide 25 or 30 year loans.

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